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    Is Blackstone (BX) Using AI And Infrastructure Deals To Reframe Its Private Credit Risk Story?

    Simply Wall St·12/10/2025 12:26:32
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    • Recently, Blackstone’s CEO Stephen Schwarzman pushed back on concerns that private credit fueled recent auto-sector bankruptcies, while the firm was also reported to be in advanced talks to buy utility-parts maker MacLean Power Systems for over US$4 billion and exploring a majority stake in Indian AI infrastructure startup Neysa at a US$250–300 million valuation.
    • Together, these developments highlight Blackstone’s effort to reassure investors about credit risk while pursuing sizeable deals across infrastructure and AI-focused cloud services.
    • We’ll now explore how Schwarzman’s comments on private credit risk may influence Blackstone’s broader investment narrative and growth outlook.

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    Blackstone Investment Narrative Recap

    To own Blackstone, you generally need to believe that its scale in alternative assets can convert fundraising into growing fees and distributable earnings, despite higher market uncertainty and a relatively rich valuation. Schwarzman’s comments on private credit aim to calm concerns about credit quality, but they do not materially change the near term swing factor, which still looks tied to deal realization activity and how market volatility affects exits and fundraising momentum.

    The potential acquisition of utility parts maker MacLean Power Systems for over US$4,000,000,000 is one of the clearest short term tests of Blackstone’s deployment engine. For investors watching catalysts, a deal of that size sits right at the intersection of infrastructure exposure and fee growth, but it also adds to execution risk at a time when macro uncertainty and the firm’s high use of debt are already front of mind.

    Yet behind the headlines, investors should also be aware of how concentrated growth in infrastructure and private credit could...

    Read the full narrative on Blackstone (it's free!)

    Blackstone’s narrative projects $21.5 billion revenue and $10.5 billion earnings by 2028. This requires 16.7% yearly revenue growth and roughly a $7.6 billion earnings increase from $2.9 billion today.

    Uncover how Blackstone's forecasts yield a $179.78 fair value, a 15% upside to its current price.

    Exploring Other Perspectives

    BX 1-Year Stock Price Chart
    BX 1-Year Stock Price Chart

    While one catalyst here is Blackstone’s push into AI infrastructure via Neysa, the most pessimistic analysts already worried that big deployments and fast growth could strain efficiency, even as they still projected revenue of roughly US$19.2 billion and earnings of about US$10.2 billion by 2028, so this kind of news may lead you to revisit which version of the story you find more convincing.

    Explore 8 other fair value estimates on Blackstone - why the stock might be worth as much as 24% more than the current price!

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.